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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

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The second-generation Toyota C-HR will be produced at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya—about 150 km east of Istanbul. In addition, TMMT will be Toyota’s first European plant to start producing plug-in hybrid vehicles, and the first to be equipped with a battery production line.

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Hyundai Motor Group and LG Energy Solution to invest additional $2B in Georgia battery manufacturing JV

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Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 Battery related projects have accounted for at least $11 billion in investment.

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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

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Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. billion (KRW 5.7

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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

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billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The cells manufactured by Ultium Cells LLC are large format, pouch-type cells that use a nickel-cobalt-manganese-aluminum (NCMA) chemistry to deliver more range at less cost.

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Lockheed Martin Ventures invests in high performance electric motor manufacturer H3X

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H3X designs and manufactures advanced electric motors to enable sustainable aviation and other high-performance applications. These areas include electromagnetics, material science, power electronics, additive manufacturing, motor control, and thermals. This latest funding brings the total raised by H3X to $9 million.

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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

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Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.

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Cirba Solutions and General Motors extend collaboration on EV battery recycling

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Cirba Solutions (previously Retriev Solutions, LLC) has extended a prior agreement with General Motors (GM) to recycle electric vehicle (EV) lithium-ion battery and cell scrap generated by manufacturing and research at select GM facilities through 2024.